Novo Nordisk inks $2.2B deal to develop weight-loss pill to rival Lilly’s orforglipron
Indianapolis-based Eli Lilly & Co. announced promising results from a large study of its own tablet in diabetes patients last month.
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IRS lost 31% of tax auditors in DOGE downsizing, watchdog finds
The IRS downsizing is due to a series of moves, spurred by Elon Musk’s Department of Government Efficiency, to cut the agency’s workforce.
Tariffs double some prices on retail sites Temu, Shein
There are no import surcharges on items that are already available in U.S. warehouses, keeping the prices of those goods generally stable, at least for now.
Stocks continue rally as China tariff cut considered
President Trump told reporters Tuesday that he planned to be “very nice” to China in any trade talks, and that tariffs would drop if the two nations were able to reach a deal.
Lilly promises to make weight-loss pill in United States in reshoring push
By making the expected blockbuster pill in the U.S., Lilly may be able to avoid the impact of Trump’s sweeping tariffs, including possible levies on pharmaceutical products.
Lilly stock soars after weight-loss pill’s trial results rival Ozempic’s shot
Trial data data showed Lilly’s experimental weight-loss pill worked as well as the Ozempic shot, bringing it one step closer to developing a needle-free alternative to injections.
Retail sales jump by most in two years on car-buying rush
While autos saw the biggest advance in two years, the overall gain was broad, with 11 of the report’s 13 categories posting increases.
Irish pharma exports to United States surge amid tariff threat
It was the second straight sizable increase, suggesting that U.S. drug makers with Irish manufacturing hubs like Indianapolis-based Eli Lilly and Co. could be stockpiling products ahead of any tariffs on the sector.
Trump considers exceptions for auto parts facing 25% U.S. tariffs
President Donald Trump said he is exploring possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up U.S. manufacturing.
As Easter approaches, egg prices hit record as retailers keep costs high on supply fears
The increase comes even as prices for wholesalers that supply grocery stores have dropped steeply.
Trump says ‘be cool’ after tariffs, adds ‘great time to buy’
President Donald Trump comments are a sign the White House is closely monitoring market reaction to the administration’s sweeping reciprocal tariffs, which went into effect at 12:01 a.m. Wednesday.
Stellantis offers to help suppliers pay tariff costs
The discussions highlight how the auto industry is beginning to digest the initial fallout from President Donald Trump’s escalating trade war.
Supreme Court buckling up for season of legal showdowns over Trump policies
The U.S. Justice Department is fast-tracking fights over President Donald Trump’s efforts to push the bounds of executive power, teeing up key issues for the Supreme Court in the coming weeks or even days.
Corporate America talking about immigration more than ever
Mentions of “immigration” on earnings calls from S&P 1500 companies have surged to a record high during the first quarter.
FedEx shares fall after profit outlook is cut again on economic woes
An economic bellwether because of its broad exposure to the global economy, FedEx said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.
Peyton Manning joins group investing $45M in Good Good Golf
Good Good Golf has attracted more than 1.75 million YouTube subscribers with videos of trick shots, challenges and other golf-themed programming.
Retailer Forever 21 plans liquidation sales after second bankruptcy
The retailer, which has minority ownership ties to Indianapolis-based Simon Property Group, has two stores in the Indianapolis area.
Economists expect Fed to cut rates twice this year
Fed officials have signaled interest rates may be on hold for some time amid uncertainty about President Donald Trump’s economic policies, particularly on trade.
Environmental Protection Agency terminates $20B in grants for climate projects
Administrator Lee Zeldin claims that the Greenhouse Gas Reduction Fund is part of a “scheme” administered by the previous administration without proper oversight.
Salesforce gives tepid outlook while touting AI
Investors have flagged some uncertainty from changes in the company’s rank of top executives.